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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Rocket Red who wrote (142806)	1/20/2009 2:33:19 PM
From: Zincman	Read Replies (1) \| Respond to of 314304

biztimes.com Old news... but...

To: Rocket Red who wrote (142806)	1/20/2009 3:24:03 PM
From: koan	Read Replies (1) \| Respond to of 314304

>>Obama's first day a big sea of red in da markets hope that not of sign of things too come<< It is just a continuation of what has been-lol. Banks and hedge funds were involved in worldwide gambling with huge leverage. Government was not allowed to regulate them and they went hog wild. then the markets turned agains tthem and this is the result. Simple as that. In as much as they were gambling with hundreds of trillions of dollar and our GDP is only 14 trillion, it is easy to see how they may have lost more money than the worlds GDP's combined.